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Reply to "Study shows that 350k/year is barely scrapping by as middle class"
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[quote=Anonymous][quote=Anonymous]That's one family's budget, not a study. They're doing quite well for themselves. They save for retirement, own a house, pay for private schools, and take multiple vacations per year. That's well into the UMC at a minimum. [/quote] They are doing fine but all of their savings is in retirement accounts or 529 for kids. That will not be sufficient for them to retire by 60 which was the point of the article. A UMC family should have plenty of savings for emergency fund, home repairs and improvements, investments, etc....[/quote]
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